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Victor is a prospective student applying for a loan to start his undergraduate work on a Bachelor's degree in Business Information Technology at Strathmore University. This is his story:

I am Victor, age 19, and I am an orphan from Laikipia, a rural and semi-arid district in Kenya. I succeeded in my final secondary school exams and was admitted to Strathmore University in Nairobi, Kenya, for a Bachelor's degree in Business Information Technology. However, due to financial challenges in my family, I’m unable to start university.

Until April this year, I have been teaching at a local primary school earning $38 US per month. Currently I am undertaking private studies to be a Certified Public Accountant (CPA) with the hope that this will complement my university education. After paying for my basic needs and the CPA exams, the money I earned from teaching was not enough to allow me make any savings for my university education. My elder sister is in college pursuing a Business Administration course, and it has been difficult for our aging grandmother to pay her fees due to her dwindling income from farming.

My desire has been to pursue a degree course specifically at Strathmore University because of its reputation for offering high quality and competitive courses. Strathmore’s top graduates are assured of getting jobs with well paying organizations within three months after graduation. At Strathmore University, I will work as hard as I did in high school to excel in my studies and in extracurricular activities.

I selected my program because it prepares well for current and future career demands in areas of business and information technology. This will give me good prospects for either getting a job or being self employed offering consultancy services in diverse sectors of the economy. My goal for the future is not only to grow in my career, but to contribute to society by motivating and offering help to other needy students like me.

Additional Information

Important Information

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Strathmore University is one of the leading private chartered universities in Kenya, and is a privately owned, not for profit institution. Originally established in 1961 as an Advanced-level Sixth Form College with inspiration and encouragement from Saint Josemaria Escriva, founder of Opus Dei, Strathmore University started offering degrees in 2002 before becoming fully chartered in 2008.

Strathmore University is a non-traditional Field Partner, in that they are an educational institution, not a microfinance institution. Lenders to these loans should be aware of the following:

1 - You might not begin to receive repayments on this loan for many years, and this loan may have terms as long as 11 years. The full-tuition loans administered by Strathmore University can have loan terms of up to 11 years, which includes a grace period of up to 5 years. The grace period includes the time during which the student is enrolled at the university, and the first year after graduation. During the grace period, the borrower is not required to make any repayments, and you would not receive any repayments. Please be sure the loan terms and repayment schedule of this loan suit you.

2 - Administering loans is a new activity for Strathmore University, which can increase the risk on this loan. While most Kiva Field Partners are microfinance institutions and therefore experienced at administering loans, Strathmore University's core business is providing education, and they are inexperienced at administering loans. This partner has passed Kiva's due diligence requirements for a non-traditional Field Partner, however lenders to this loan should be aware that this loan carries some additional risk as Strathmore University becomes more experienced with administering loans to students.

For more information on Strathmore University, and the Kiva loans they are administering, please visit the Field Partner page.

About Kenya

  • $1,800
    Average annual income
  • 612
    View loans »
    Kenya Loans Fundraising
  • $44,775,100
    Funds lent in using Kiva
  • 83.6
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $15,000 helped Victor to pay tuition fees for an undergraduate degree in Business Information Technology at Strathmore University.
6% repaid
Repayment Term
122 months (Additional Information)
Repayment Schedule
Jun 7, 2012
May 16, 2012
Currency Exchange Loss: